China's and India's Challenge to Latin America: Opportunity or Threat?

China’s and India’s Challenge to Latin America OPPORTUNITY OR THREAT?

Edited by Daniel Lederman Marcelo Olarreaga Guillermo E. Perry Delivered by The World Bank e-library to: The World Bank - IMF Library Network IP : 192.86.100.34 Thu, 15 Jan 2009 15:14:51

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China's and India's Challenge to Latin America: Opportunity or Threat?

Published on Jan 15, 2009

World Bank Publications

The economic successes of China and India are viewed with admiration but also with concern because of the effects that the growth of these Asian economies may have on the Latin American and Caribbean (LAC) region. The evidence in this work indicates that certain manufacturing and service industries in some countries have been negatively affected by Chinese and Indian competition in third markets and that LAC imports from China and India have been associated with modest unemployment and adjustment costs in manufacturing industries. The book also provides substantial evidence of positive aggregate effects for LAC economies associated with China's and India's greater presence in world exports, financial flows, and innovation. Chinese and Indian growth is creating new production possibilities for LAC economies, particularly in sectors that rely on natural resources and scientific knowledge. Buy this book: http://publications.worldbank.org/ecommerce/catalog/product?item_id=7613257